Form 4: SJW Group Executive Bruce Hauk Reports Stock Vesting and Tax Withholding

Chief Operating Officer Bruce Hauk of SJW Group reports the vesting of restricted stock units and subsequent tax withholding, resulting in changes to his beneficial ownership of company stock.

Summary

• On February 28, 2025, Bruce Hauk, Chief Operating Officer of SJW Group, reported transactions involving the company's common stock.
• 1,597 shares vested from restricted stock units (RSUs) based on return on equity (ROE) and total shareholder return (TSR) performance goals from January 1, 2022, to December 31, 2024.
• 389 shares were withheld to cover applicable withholding taxes related to the vesting of these RSUs at a price of $52.67 per share.
• Following these transactions, Hauk's direct ownership includes 11,813 shares of common stock.
• Hauk also holds 6,625 shares underlying RSUs that will vest in the future.

Sentiment

Score: 5

Explanation: This is a routine filing related to executive compensation and does not inherently indicate positive or negative sentiment.

Future Outlook

The reporting person holds 6,625 shares of Common Stock underlying RSUs which will vest and become issuable in accordance with their terms.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Stakeholder Impact

• The vesting of RSUs aligns executive compensation with company performance, potentially benefiting shareholders.

Key Dates